Business
RCI Files 2Q19 and 3Q19 10-Qs; Updates 4Q19 Revenue Trends; Conference Call at 4:30 PM ET Today
HOUSTON, Sept. 24, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it has filed its 2Q19 and 3Q19 10-Qs today and will hold a
About this update from Rci Hospitality Holdings, Inc.
[{"type":"text","content":"HOUSTON, Sept. 24, 2019 /PRNewswire/ -- RCI Hospitality Holdings, Inc. (Nasdaq: RICK) announced it has filed its 2Q19 and 3Q19 10-Qs today and will hold a related conference call at 4:30 PM ET.\n\n \nThere were no changes to the preliminary income and cash flow statements the company released July 24, 2019 and August 8, 2019 for 2Q19 and 3Q19, respectively. Notes receivable of $1.142 million on the preliminary March 31, 2019 and $1.152 million on the preliminary June 30, 2019 balance sheets were moved to current assets, increasing total current assets and reducing long-term notes receivable by corresponding amounts. Total assets, liabilities and shareholders' equity remained the same.\nAll comparisons in this news release are to year ago periods unless otherwise noted.\nNightclubs and Bombshells 4Q19 Revenue Trends (for July-August 2019)\nNightclubs: Total revenues increased more than 6% with an improvement in same-store sales Bombshells: Total revenues increased more than 50% with a more than 20% increase in same store salesToday's Conference Call\nWhen: Tuesday, September 24, at 4:30 PM ET Live Participant Dial In: Toll Free at 844-602-0380 and International at 862-298-0970 Access the live webcast, slides or replay at: https://www.investornetwork.com/event/presentation/53715 Phone replay: Toll Free at 877-481-4010 and International at 919-882-2331 (Passcode: 53715)CEO Comment\n\"We're pleased to file our second and third quarter 10-Qs, posting the same strong top and bottom line results we had reported when we released preliminary financials,\" said Eric Langan, President and CEO. \"Strong revenue trends have continued two-thirds of the way through 4Q19. In addition, we are currently marketing $14 million of properties, most of which are non-income producing, of which $6 million is under contract or letter of intent.\"\nSidoti Conference Appearance Wednesday 9AM-5PM\nMr. Langan will present at the Sidoti & Company Fall 2019 Investor Conference on Wednesday, September 25, 2019.\nRCI's presentation is 3:20 PM ET (2:20 PM CT) at the Grand Hyatt Hotel in New York City. To access the live webcast, visit http://wsw.com/webcast/sidotico4/rick/. To access the presentation and replay, visit http://www.rcihospitality.com/investor/default.aspx. Management will be available for 1x1 meetings. To register and schedule a time, contact Em...